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Analog Devices announced earnings per share of $1.44 on revenue of $1.56B. Analysts polled by Investing.com anticipated EPS of $1.32 on revenue of $1.51B.
Analog Devices shares are up 8% from the beginning of the year, still down 2.11% from its 52 week high of $163.95 set on February 16. They are outperforming the S&P 500 which is up 4.7% from the start of the year.
Analog Devices shares gained 0.04% in pre-market trade following the report.
Analog Devices’s report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
